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    315 Johnstown Rd Elkton, MD 21921

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    For Sale
    $1,400,000

    Large industrial yard with multiple buildings and residential units.

    Property size:
    13,300 SF

    Property Features for 315 Johnstown Rd

    General Information

    Size
    13,300 SF

    Source: Jeff Sellers Agent Jeff Sellers

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Heavy Industrial Site with Rentals

    This heavy industrial commercial yard features multiple buildings and residential rental units. The 4.77 +/- acre site is zoned M2 - Heavy Industrial and offers significant privacy while being easily accessible via Rte 213 in MD, with close proximity to the PA state line. Site amenities are suited for contractors, landscapers, equipment maintenance, and equipment storage. The property includes a large, open yard space, a private well and septic system, and four residential rental units. Buildings on the property include a 1,950 +/- SF single-story house with 3 bedrooms and 1.5 bathrooms, a 3,600 +/- SF two-story triplex with 3 rental units and 1 storage/office unit, a 1,550 +/- SF metal shed, a 3,000 +/- SF metal building with 3 bay doors (12'x16'), and a 3,200 +/- SF metal building with 2 bay doors (15.7'x16').
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Daycare Center Veterinary Clinic Travel Agency Nursing Home Assisted Living Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elkton
    County
    Cecil
    State
    Maryland
    Longitude
    -75.8357778
    Latitude
    39.6528931

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    FAQs

    What type of property is this?
    Warehouse - Large industrial yard with multiple buildings and residential units.
    Where is this warehouse located?
    The property is located at 315 Johnstown Rd Elkton, MD.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - Heavy Industrial (M2) zoning on 4.77 acres, suitable for various businesses.; - Multiple buildings totaling over 13,000 SF, including metal buildings with bay doors, a house, and a triplex.; - Includes 4 residential rental units for potential income generation.
    (302) 275-5566
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    315 Johnstown Rd Elkton, MD 21921
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    Elkton, MD 21921
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    315 Johnstown Rd Elkton, MD 21921
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